S&P revises Phoebe Putney Memorial Hospital's outlook to stable

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S&P Global Ratings has revised the outlook to stable from negative and affirmed the "A+" rating on Albany, Ga.-based Phoebe Putney Memorial Hospital's debt.

"The outlook revision reflects our assessment of Phoebe's improved overall financial performance, solid balance sheet metrics and our expectation that operating improvement will continue," said S&P analyst Margaret McNamara.

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